DOGE Department Dissolved Early as Token Surges Amid Uncertainty

The Department of Government Efficiency (DOGE), launched by executive order on Donald Trump’s first day after reelection, has been unexpectedly dissolved ahead of its scheduled July 2026 mandate. According to the Office of Personnel Management (OPM), the department’s responsibilities have now been absorbed into OPM, with Director Scott Kupor confirming that DOGE “doesn’t exist as a centralized entity.” Despite the shutdown, the DOGE meme coin tied to the initiative has surged more than 13% in the past 24 hours, trading at $0.00483, according to BeInCrypto.

DOGE was created to streamline bureaucracy and slash $6.5 trillion in federal spending, a bold goal that immediately captured public attention and drove Dogecoin prices up more than 10% when the initiative was first announced. Led by Elon Musk and Vivek Ramaswamy, the department pushed aggressive cost-cutting efforts across agencies, making rapid personnel reductions and budget trims with minimal public transparency. While DOGE leadership claimed billions in savings, no verifiable evidence has confirmed substantial long-term reductions, raising concerns about the department’s true impact on federal efficiency.

Internal tensions reportedly grew earlier this year, particularly after Musk left Washington in May. By June, staff members were seen packing their offices and preparing for relocation as speculation mounted about the department’s future. Trump himself has recently spoken of DOGE in the past tense, signaling the official end of the project eight months earlier than planned.

Some former DOGE employees now worry about potential legal scrutiny tied to the department’s aggressive restructuring tactics. Critics also note that only Congress has the authority to formally dissolve federal agencies, highlighting limits to what executive-created departments can achieve.

As former DOGE personnel transition into broader federal operations, the long-term effects of this short-lived experiment remain unclear. The department’s abrupt closure raises broader questions about the sustainability of rapid government restructuring and the real-world influence of executive-driven reform initiatives—even as the associated cryptocurrency continues to rally.